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  Suppose that in Australia, it takes 2 hours to harvest 10 bushels of apples and 4 hours to harvest 10 bushels of tomatoes. Suppose a worker in Brazil can harvest 10 bushels of apples in 4 hours or 10 bushels of tomatoes in 5 hours. Which of these statements is TRUE?  

Patients with VADs are monitored for anticoagulation status and signs and symptoms of infection.

While inserting a pulmonary artery catheter, the balloon on the tip of the catheter should be inflated when the catheter passes into the: 

In a single day, Sarah can produce 10 hamburgers, and Abe can produce 15 hamburgers. Therefore, _____ has a _____ advantage in making hamburgers.

If they spend all night writing computer programs, Laurence can write 10 programs, and Carrie Anne can write 5. If they spend all night making sunglasses, Laurence can make 6 pairs, and Carrie Anne can make 4. Given this information and supposing Laurence and Carrie Anne have constant opportunity costs, we know that _____ has a comparative advantage in _____.

Figure: Sugar and Freight Trains Reference: Ref 2-15   (Figure: Sugar and Freight Trains) Look at the figure Sugar and Freight Trains. Suppose the economy is operating at point A. The opportunity cost of producing the second freight train would be _____ tons of sugar.

In economics, what does the study of individual behavior in specific markets focus on?

Table: Market for Apartments   (Table: Market for Apartments) Look at the table Market for Apartments. If a price ceiling of $700 is imposed on this market, the result will be an inefficiency in the form of a _____ million apartments.

Reference: Ref 4-13 (Table: Producer Surplus and Phantom Tickets) The table Producer Surplus and Phantom Tickets shows the minimum price at which each of the students is willing to sell a ticket to Phantom of the Opera. Assume that each student has only one ticket to sell. Given the information in the table, if the price for Phantom tickets is $60, total producer surplus for the five students is:

Please read the important instruction:  It’s a close-book exam. You can use scratch paper and a calculator. You are not allowed to use notes or check any websites when taking the exam. You are required to work individually. Working with another student on this exam will be considered cheating. Exams showing evidence of cooperation will receive a zero grade. Many questions contain tables or graph, please don’t answer the question until the table/graph are loaded on your screen. All the questions have been tested and can be successfully loaded. You are not allowed to switch away from the exam screen/tab. Otherwise, the Proctorio system will remove you from the exam. You are not allowed to print and/or print screen any of the exam content. You are not allowed to share exam content with a fellow student or anyone outside of class.  If any of the above happens, it will be a serious breach of academic integrity and will be treated as such. Once you click on the exam, time will begin to run down. If you complete the exam in less than 80% of the allotted time, please bring your laptop to me and display your grades before exiting the classroom.  There is no room to make up a missed exam. Good luck! Please copy the word on the whiteboard and enter it here [r1] (if you answer this question incorrectly, you will not be qualified to take the exam)